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What is a SPAC?
As one of the hot investment ideas in the current market, you may have heard the acronym SPAC lately. A SPAC, or Special Purpose Acquisition Company, is a back door, formally out of favor investment approach to buying new Initial Public Offerings or IPOs. Basically, SPACs are a publicly traded firm that has no operations, no assets other than…
In this era of instant gratification, investors have become increasingly gambler-like in the pursuit of immediate rewards; this is why many people recently gambled on “meme” stocks like GameStop and AMC Entertainment. Those who got lucky experienced a dramatic gain, while others have experienced a significant decline in these stocks as the hype has begun to fade…
The market seems to be taking a bit of a breather after all of the trading frenzies with GameStop and other “meme” stocks at the beginning of the year. The Reddit traders have seemed to move on to cannabis, as many cannabis stocks reached new highs in recent months. There is a lot to unpack with marijuana concerning federal regulations and the legalization of marijuana nationwide, but we will see how long this new ride lasts.
